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Update news power transmission
Southeast Asia’s longest 220kV offshore power line put into operation
The longest 220kV offshore overhead power transmission line in Southeast Asia, connecting the mainland of the Mekong Delta province of Kien Giang and its resort island Phu Quoc, was put into operation on October 14.
Consumers set for squeeze as power costs skyrocket
VietNamNet Bridge – The use of many power supply sources, including high-priced sources, has caused Electricity of Viet Nam (EVN)’s costs to soar, leading to the possibility of future power hikes.
Huge sum invested in power transmission projects in 2015
The Electricity of Vietnam National Power Transmission Corporation (EVNNPT) plans to spend a record 19.51 trillion VND (929 million USD) on transmission projects in 2015 so as to ensure power supply for the south.
BUSINESS IN BRIEF 8/12
Yanmar launched joint venture on agricultural machinery; Vietnam sees eleventh petrol price cut; Customs budget revenue exceeds annual target; Local banks continue to cut interest rates; Oil import tax raised as global prices fall
